Article #976495561
Tuesday, September 1st 2009, 7:15AM
Southern Cross Building Society increased its two-year fixed home loan rate by 15 basis points to 6.35% and its three-year rate by 9 basis points to 6.99%.
Yesterday's National Bank business confidence survey has impacted on interest rate predictions, with the BNZ saying the prospects of further cuts to the OCR have now diminished. We have its report and others in Expert Views. Westpac are still recommending fixing six-months to a year as a borrowing strategy.
ANZ National Bank's June quarter results are now out. To find out how it is doing click here for more.
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